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case studies class 11 bst

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What Is a Case Study?

When you’re performing research as part of your job or for a school assignment, you’ll probably come across case studies that help you to learn more about the topic at hand. But what is a case study and why are they helpful? Read on to learn all about case studies.

Deep Dive into a Topic

At face value, a case study is a deep dive into a topic. Case studies can be found in many fields, particularly across the social sciences and medicine. When you conduct a case study, you create a body of research based on an inquiry and related data from analysis of a group, individual or controlled research environment.

As a researcher, you can benefit from the analysis of case studies similar to inquiries you’re currently studying. Researchers often rely on case studies to answer questions that basic information and standard diagnostics cannot address.

Study a Pattern

One of the main objectives of a case study is to find a pattern that answers whatever the initial inquiry seeks to find. This might be a question about why college students are prone to certain eating habits or what mental health problems afflict house fire survivors. The researcher then collects data, either through observation or data research, and starts connecting the dots to find underlying behaviors or impacts of the sample group’s behavior.

Gather Evidence

During the study period, the researcher gathers evidence to back the observed patterns and future claims that’ll be derived from the data. Since case studies are usually presented in the professional environment, it’s not enough to simply have a theory and observational notes to back up a claim. Instead, the researcher must provide evidence to support the body of study and the resulting conclusions.

Present Findings

As the study progresses, the researcher develops a solid case to present to peers or a governing body. Case study presentation is important because it legitimizes the body of research and opens the findings to a broader analysis that may end up drawing a conclusion that’s more true to the data than what one or two researchers might establish. The presentation might be formal or casual, depending on the case study itself.

Draw Conclusions

Once the body of research is established, it’s time to draw conclusions from the case study. As with all social sciences studies, conclusions from one researcher shouldn’t necessarily be taken as gospel, but they’re helpful for advancing the body of knowledge in a given field. For that purpose, they’re an invaluable way of gathering new material and presenting ideas that others in the field can learn from and expand upon.

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case studies class 11 bst

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Class 11 Business Studies Case Study Questions

Table of Contents

CBSE Class 11 Business Studies Case Study Questions are available on myCBSEguide App . You can also download them from our student dashboard .

For students appearing for grade 11 CBSE exams from the Commerce stream, Business Studies is a fundamental subject. Business Studies is considered to be quite interesting as well as an occupying subject as compared to all other core subjects of the CBSE class 11 commerce stream. To ace this CBSE exam, students are not only required to work hard but they ought to learn to do smart work too.

Among all the other core subjects of the Commerce stream i.e accountancy, economics and business studies, Business Studies is the one that is purely theoretical. It is termed to be comparatively easier and more scoring than the other mandatory subjects of the commerce stream. Many students who opt for the commerce stream after their 10-grade exams desire to learn in-depth about the business organizations and their work, for them the subject is of utmost importance. Business Studies is an essential component of the class 11 commerce stream curriculum.

In order to ace the subject the student needs to have conceptual clarity. CBSE has designed the syllabus for class 11 Business Studies so as to provide students with a basic understanding of the various principles prevalent in the Business organizations as well as their interaction with their corresponding environment.   

Case Study Questions in class 11 (Business Studies)

Case-based questions have always been an integral part of the Business Studies question paper for many years in the past. The case studies have always been considered to be challenging for the students, for such questions demand the application of their knowledge of the fundamental business concepts and principles. Last year i.e-  2021 CBSE introduced a few changes in the Business Studies question paper pattern to enhance and develop analytical and reasoning skills among students.

It was decided that the questions would be based on real-life scenarios encountered by the students.CBSE not only changed the way case-based questions were formulated but also incremented their weightage in the Business Studies question paper. The sole purpose of increasing the weightage of case-based questions in the class 11 curriculum by CBSE was to drift from rote learning to competency and situation-based learning.

What is a case study question? (Business Studies)

In Business Studies, a case study is more like a real-world test of how the implementation works. It is majorly a report of an organization’s implementation of anything, such as a practice,a product, a system, or a service. The questions would be based on the NCERT textbook for class 11 Business Studies. Case-based questions will definitely carry a substantial weightage in the class 11 Business Studies question paper. questions.

A hypothetical text will be provided on the basis of which the student is expected to solve the given case-based question asked in the Business Studies class 11 exam. Initially, the newly introduced case-based questions appeared to be confusing for both the students and the teachers. Perhaps, they were reluctant to experiment with something new but now a lot more clarity is there that has made the question paper quite student-friendly.

Case study questions could be based on any chapter or concept present in the NCERT textbook. Thus, it is expected from the students to thoroughly revise and memorize the key business fundamentals. 

Business Studies syllabus of class 11 CBSE   

The entire Business Studies course is divided into 2 parts:

The class 11 Business Studies exam is for a total of 100 marks, 80 marks are for the theory and the remaining 20 for the project. Most of the questions are based on the exercises from the NCERT textbook. It is recommended to rigorously go through the contents of the book. A single textbook has been published by NCERT for Class 11 Business studies. There are a total of 10 chapters in this book divided into 2 parts. 

CBSE Class – 11

Business Studies (Code No. 054)

Theory: 80 Marks Time: 3 Hours Project: 20 Marks

Case Study Passage (Business Studies class)

As part of these questions, the students would be provided with a hypothetical situation or text, based on which analytical questions will have to be answered by them. It is a must for the students to read the passage in depth before attempting the questions. In the coming examination cycle (2022-23), case-based questions have a weightage of around 30%. These questions can be based on each chapter in the NCERT book for Business Studies, grade 11.

Students must prepare well for the case-based questions before appearing for their Business Studies exam as these questions demand complete knowledge of the various concepts in their syllabus. CBSE plans to increase the weightage of such questions in the upcoming years.

Sample case-based Questions in Business Studies

Business Studies as a subject provides a way of perceiving and interacting with the business ecosystem. It is a core subject of the commerce stream that is purely theoretical and relevantly easier than the other compulsory subjects of the stream. Class 11 Business Studies syllabus is closely related to trade and commerce. The subject cannot be ignored as it is the foundation of many concepts and theories which are studied at an advanced level in class 12.

The case-based questions asked in the CBSE Business Studies question paper for class 11 are of two types:

As per the latest circular issued by CBSE on Assessment and Evaluation practices of the board for the session 2022-23, CBSE has clearly mentioned that competency-based questions including case studies will be different from subjective questions.  

The questions can also be categorized on their difficulty level:

How To Prepare For Case-based Questions? (Business Studies grade 11)

Students need to prepare well for the case-based questions before appearing for their class 11 Business Studies exam. Here are some tips which will help the student to solve the case-based questions at ease:

 In order to excel in the Business Studies class 11 exam, one needs to ignore the shortcut techniques and get to read the NCERT textbook rigorously. Case studies can be easily solved if your key fundamentals are strong and clear. The best part of having these questions is that the asked question itself projects a hint of its answer. These simple points if kept in mind will definitely help the students to fetch good marks in case study questions, class 11 Business Studies. 

Case study question examples in Business Studies

Here a re some given case study questions for CBSE class 11 Business Studies. If you wish to get more case study questions and other study material, download the myCBSEguide app now. You can also access it through our student dashboard.

Business Studies Case Study 1

Read the hypothetical text given and answer the following questions:

Manish, Rahul and Madhav live in the same locality. They used to meet and discuss their ideas. After discussing the recent fire breakout in their area, they decided to take fire insurance for their house or work area. Manish gets his house insured against fire for ₹1 lakh and during the policy period, his house gets damaged due to fire and the actual loss amounts to ₹2.5 lakh. The insurance company acquired the burning material and approved his claim. Rahul gets his godown insured against fire for ₹1 lakh but does not take enough precautions to minimize the chances of fire like installing fire extinguishers in the factory. During the policy, a fire takes place in his godown and he does not take any preventive steps like throwing water and calling the employees from the fire fighting department to control the fire. He suffered a loss of ₹1,20,000. Madhav took a fire insurance policy of ₹20 lakh for his factory at an annual payment of ₹24,000. In order to reduce the annual premium, he did not disclose that highly explosive chemicals are being manufactured in his factory. Due to a fire, his factory gets severely damaged. The insurance company refused to make payment for the claim as it became aware of the highly explosive chemicals.

How much can Manish claim from the insurance company?

How much compensation can Rahul get from the insurance company?

Which principle is violated in the case of Rahul?

How much amount is the insurance company liable to pay to Madhav if he files a case against it?

Which principle of Insurance is violated by Madhav?

The insurance company acquired the burnt material and approved his claim. Which principle of Insurance is highlighted in the given statement.

Business Studies Case Study 2

 Sarthak Electronics Ltd. has a loss of Rs 15,00,000 to pay. They are short of funds so they are trying to find means to arrange funds. Their manager suggested a claim from the insurance company against stock lost due to fire in the warehouse. He actually meant that they can put their warehouse on fire and claim from insurance companies against stock insured. They will use the claim money to pay the loan.

Business Studies Case Study 3

OLX and qickr are examples of well-known websites used to conduct business. Tarasha’s sofa set got spoiled in the rain. Her friend suggested that she should change the fabric so that it looks new and put it for sale on Olx. Tarasha followed her friend’s advice and got her sofa repaired so that it looked better and uploaded nicely clicked pictures on the website without disclosing the fact that it was damaged from the inside. She found a buyer and sold it for Rs 10,000. After five days the buyer found the real state of the sofa set and called Tarasha but she did not answer any of the calls.

Advantages of case study questions in Business Studies

Class 11 Business Studies syllabus is not very vast but has to be focussed upon as it forms the base for your 12th grade Business Studies syllabus. Students are supposed to prepare themselves thoroughly from the NCERT textbook. The Case-based questions prominently focus on the real and current scenarios of the Business world. Approximately 30% of the question paper will comprise case study questions that demand high-order thinking and reasoning skills from the students. The students ought to practice class 11 Business Studies case-based questions from the various options available to them, so as to excel in the subject.

“Failure is success if you learn from it”

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Important Questions for CBSE Class 11 Business Studies Chapter 1 - Business, Trade and Commerce

case studies class 11 bst

CBSE Class 11 Business Studies Chapter-1 Important Questions - Free PDF Download

Important questions for class 11 business studies chapter 1 are now available on Vedantu for free download. Students can practice all the questions to get a clear idea about the chapter. The topics covered in this chapter become easier to learn and revise with the help of these important questions and answers prepared by the subject experts at Vedantu. Students can refer to these important questions Class 11 Business Studies Chapter 1 online as well as offline for free of cost. By solving these questions, they will get a conceptual understanding of the topics covered in this chapter.

case studies class 11 bst

Download PDF of Important Questions for CBSE Class 11 Business Studies Chapter 1 - Business, Trade and Commerce

Study important questions for class 11 business studies chapter 1 – business, trade and commerce, very short answer questions (1 mark).

1. Give an example of activity which is economic in one side and non-economic on other side. 

Ans: Profession requires specialized knowledge and it is economic on one side and non economic on the other side. 

State different types of economic activities? 

Ans: Economic activities can be categorised as:

Name the economic activity in which specialized knowledge is required.

Ans: Profession requires specialized knowledge.

2. A person sells his domestic furniture at a profit, will it be considered a business? Explain the characteristics of business which is being stressed upon.

Mr Sonu sold his washing machine & refrigerator on Quikr as he was shifting base to London. Is this a business activity?

Ans: No, for an activity to be business it must have ‘regularity’ characteristic of business. This characteristic means that there must be regular dealing of such goods and services.

3. Why is insurance known as a tertiary industry? 

Ans: Insurance is known as a tertiary industry because it provides supporting services finance and mitigation of risk to primary and secondary industries.

Which industries provide support services to other industries?

Ans: Tertiary industries provide supporting services to other industries. Such as telecommunication, banking, insurance, advertising etc.

4. What type of industry is fishing? 

What type of industry are poultry farms and plant nurseries? 

Which one of the broad categories of industries covers oil refinery and sugar mills?

Ans: Primary Industry

5. Categorise the following into business, profession and employment?

(i) A farmer

Ans: Business

(ii) An advocate

Ans: Profession

(iii) A clerk

Ans: Employment

(iv) A hawker selling toys for children

(v) A doctor

(vi) A person working in scooter repair shop on roadside

6. ABC Ltd. inventing new machinery to curb its production problem. Which objective it is trying to achieve?

Ans: Innovation under economic objective.

7. What reward does the businessman get for bearing risks?

Ans: Profit

8. Name the occupation in which people work for others and get remunerated in return.

a. Business

b. Profession

c. Employment

d. None of the above

Ans: (c) Employment

Employment is an occupation in which people work for others as per agreed terms and conditions and receive salary in return.

Short answer Questions (3 or 4 Marks)

1. What are the causes for the possibility of inadequate profits due to uncertainties or unexpected events?

No business is risk free in the light of this statement, explain the concept of business risk and it’s any three causes.

Ans: No business can function without taking risk as there is always a possibility of inadequate profits or even losses. The uncertainty of profits puts business at risk, like change in demand, change in technology, change in government policies etc.

Business risks are the uncertainties or unexpected events which may result in inadequate profits or losses.

The three causes of business risk are:

Natural causes: These are due to natural causes such as floods, earthquakes, etc. Every person has little control or no control over these causes.

Human causes: These causes include unexpected events caused by man, such as negligence of employees, power failure, employee’s or customer’s dishonest practices etc.

Economic causes: The economic causes involve the changes and variations taking place in the economy such as uncertainties due change of technology and method of production,political disturbances, change in prices, tax rates etc.

2. Compare between Business, profession & Employment on the basis of the following:

a) Capital Investment

c) Transfer of interest

Ans: The difference between Business, profession & Employment are:

3. What is business risk?

Ans: Business is the possibility of earning inadequate profits or losses due to uncertainties and unexpected changes in the market conditions. Business risk may be due to natural causes, human causes, economic causes and external causes.   

Nature of Business Risks

Risk is an essential part of every business. It can only be reduced but not eliminated in full.

It arises due to uncertainties like natural calamities such as earthquakes, floods etc., which are unavoidable.

The extent of risk depends upon the nature and size of business.

’No risk, no gain’ is applicable to every business. Hence, profit is the reward for risk taking.

4. Explain any four objectives of business?

Ans: Objectives are the purpose for which activity is performed. The four objectives of business are as follows:

Profit earning: Profit earning is necessary for successful survival and continuous growth of the organisation. Profits can be maximised by reducing cost and minimum wastage. Profits are the rewards for taking risks.

Productivity: Productivity can be calculated by comparing the value of output and value of input. Productivity can be increased by optimum utilisation of the physical and human resources.

Innovation: For surviving in the market, the business should take opportunities and become the first one to bring a new change in product, technology etc. A business should take first mover advantage against its competitors.

Market Standing: The business must convert its potential customer to actual customer and must maintain its actual customers as permanent customers. This will maintain the position of business in the market.

5. Define commerce, why is it of great importance in modern life?

Ans: Commerce acts as a link between the producer and consumers to enhance efficient distribution of goods and services. 

Importance of Commerce:

It helps in free and smooth flow of goods and services between the producer and customer. 

It creates employment opportunities.

It helps in the growth of industrial development. 

It helps in increasing the standard of living of the society.

6. Distinguish between primary and secondary industry Give examples.

Ans :  The difference between primary and secondary industry is given below:

7. “Business is an institution organized to provide goods and services under the incentive of private gain.” Discuss.

Define business. Explain the characteristics of business (any three)

Ans: Business is an economic activity which is regularly engaged in production or purchase and sale of goods and services to satisfy human needs and wants with an aim to earn profit.

The characteristics of business are as follows:

Production and/or procurement: Business is related to conversion of raw material into finished goods or sale and purchase of goods and services in the market. As a result, a business either manufactures the goods on its own or purchases them from producers, and then sells them to end customers.

Economic Activity: Business is an economic activity as it is done to earn money for livelihood. It satisfies human needs by providing goods and services for earning profits.

Regular Activity: To constitute a business there should be dealings in goods and services on regular intervals. Doing one single transaction does not constitute business. For example selling your old books, or furniture and purchasing a new one is not termed as business.

Element of Risk: Business is associated with a certain amount of risk as there is possibility of inadequate profits or losses due to change in tastes and preferences of customers, change in technology, fire theft, natural calamities, etc

8. Write differences among industry, commerce and trade on any five bases.

Ans: The difference between Industry, Commerce, and Trade

9. “Commerce comprises trade and all the services that make trade possible.” Discuss.

Ans: Commerce includes all the activities which are required for the exchange of goods and services. Commerce maintains smooth flow of goods and services from producer to customers by removing all the hindrances related to people, place, time, finance and information. It includes two types of activities: 

Trade: The buying and selling of goods and services with an aim to earn profit is termed as trade. The people who are involved in trade are referred to as traders

Auxiliaries to trade : Auxiliaries to trade assists the buying and selling of the goods and services by removing the hindrances of place, people, time, finance, risk and information. 

Long Answer Questions (5 or 6 Marks)

1. What provides the necessary link between producers & consumers with all those activities which are necessary for maintaining a free flow of goods & services? Discuss all those activities.

In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances:

(i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information

Tea is mainly produced in Assam, while cotton in Gujarat & Maharashtra but they are required for consumption in different parts of the country. How can this hindrance of place be removed? Also under what business activity will it be categorised.

Commerce is the sum total of activities that remove hindrances in the free flow of goods from producers to consumers. Explain.

How do traders remove the hindrance of person?

Ans: Commerce maintains smooth flow of goods and services from producer to customers by removing all the hindrances related to people, place, time, finance and information. 

Auxiliaries to Trade

Auxiliaries to trade assists the buying and selling of the goods and services by removing the hindrances of place, people, time, finance, risk and information. 

Transportation: It facilitates smooth flow of goods and services from the place of production to the place of consumption. Hence, it removes the hindrance of place. Example- Selling of mobile in Lucknow which is manufactured in Bangalore, tea produced in Assam, while cotton in Gujarat & Maharashtra but they are transported for consumption in different parts of the country. 

Communication: Effective and timely communication between the supplier, producer and consumers leads to successful trading. Thus, it removes the hindrance of information. 

Banking: Banks and financial institutions help producers or traders in providing finance required them in the form of loans, trade credit, overdraft, etc and hence, removing the hindrance of finance.

Warehousing : Producers and traders cannot sell the entire goods produced and thus stock of goods is always maintained by the producers or traders. Warehousing provides the facility to store unsold goods and hence removing the hindrance of time.

Insurance: Insurance removes the hindrance of risk. It facilitates business to reduce the risk of damages due to fire, theft, natural calamities, etc.

Advertising : Advertising acts as a link between producers, traders and consumers. It brings awareness among consumers about the goods and services available. Hence, removing the hindrance of information.

2. Starters of a new business are largely responsible for the success of the business they undertake various functions. Discuss the basic factors which influence the starter functions.

Explain any six factors that are important to be considered while starting a business.

Ans: The factors that are important to be considered while starting a business are as follows:

Size of business: The decision regarding the size of the business largely depends on the demand of the product and services in the market, the amount of risk and investment involved.

Choice of form of ownership: The choice of suitable form of business depends on the factors like legal formalities, line of business, capital requirement, liability of the business, profit etc. The entrepreneur can decide the form of business as:

Sole proprietorship

Partnership

Joint stock company

Cooperative society

Location of business enterprise: Location of a business directly affects the availability of raw material and labour, cost of production, and services like banking, transportation, warehousing etc.

Financing proposition : Finance is required not only to start a business but also for surviving in the market in the long run. Financial planning includes the amount of finance required for the capital and its source.

Physical facilities: While starting a business, the availability of physical facilities like land and building, plant and machinery and others services required for commencing business.

Competent workforce: Human resource is the greatest asset of any business. Competent and skilled workforce helps the business in reaching the height of the success. Thus, every business should wisely do the recruitment of personnel and must have training and development plans to increase the potential level of the workforce.

3. Profit maximization cannot be the sole objective of a business. Explain.

“Overemphasis on objective to earn profit may exploit the business”. What does a business should do to enable itself to bring the balance?

Ans: Business is established for earning livelihood and for this maximisation of profit is the main objective. But it is not the sole objective of business as it operates in the society and uses the resources of the society. 

So, it also has some social objectives that could is undertaken to maintain balance, these are as follows:

Social Objectives

Supply of desired goods and services: Business must supply goods and services of proper quality and with all required certifications. It must aim for customer satisfaction. 

Social and Fair Trade Practices: Business must not indulge into malpractices like black marketing, hoarding, compromising on quality or safety of products. Business must work for society.

Employment Opportunities: Business must create employment opportunities for the society especially for less advantaged sections of society.

Welfare of Employees: Businesses must work for growth and development of employees like training social and personal skills, and a good working environment. As employees directly contribute to productivity and profitability.

Social Welfare: Businesses must utilize their profits towards society like setting up schools, charitable hospitals, etc that are necessary for the development of society.

“Profit is not an objective but a requirement of business.” Do you agree with the statement? Support your answers with reasons

Ans: I agree that profit is a requirement of a business. The reasons are:

Long term survival: A business can survive in the market in the long run, only when it earns profit. This is because finance is needed by business in all the activities, and in all the areas. From day to day expenses, to expansion of business, finance is needed. Hence if a firm will not earn any profit, it won’t be able to pay expenses, or grow or survive in the market, leading to its closure.

Growth: Profits are needed for the growth, diversification and expansion of business. A business with no or less profit cannot implement such growth policies.

Efficient performance: Profits act as a motivating factor to the owners as well as the employees. Higher profits leads to higher efficiency and productivity on the part of people in the organization, thus leading to quality performance.

Reputation: Decent profit making enables the firm to pay out its expenses on time, in terms of salaries, wages, dividends, rents, etc. Hence all the stakeholders, and shareholders remain happy and content with the firm, thus leading to a high reputation and goodwill of the business in the market.

Fulfil social objectives: All other objectives of the business could be achieved only if the business earns sufficient profit. A business cannot fulfil the societal needs, and contribute towards the society if it does not earn satisfactory profits.

Innovation: Change is the law of nature. Hence, an organisation needs to keep changing and innovating to match with the changing and challenging environment. However, innovation requires skilled manpower, intense research, and high end technology, which is only possible when the business is able to generate suitable profits.

Reward for risk-bearing : A business undertakes multiple risks to keep the operations going, hence profits act as the reward of risk bearing.

4. ‘Kodak Pics’ is an advertisement agency initiated by Rahul, Sushmita & Prema. They have called a meeting to discuss the below given points

(i) Increase the profit margin by 20% in july.

(ii) Aiming bigger share in the market.

(ii) Making use of better lenses & improved techniques.

(iv) Making best use of cameramen, finance etc. employed by the business

(v) Improve efficiency in functioning of business.

(a) Which aspects of business objectives are being referred to here?

Ans: Economic Objectives are reflected here.

(b) Also develop each point to be discussed in the meeting by classifying the objective.

Ans: The objective are:

Increase the profit margin by 20% in july: Profit earning: Profit earning is reflected in this point. Profits can be maximised by reducing cost and minimum wastage. Profits are the rewards for efforts and investment put in by the owner.

Aiming bigger share in the market: Market Standing:  Market standing is reflected in this point. The business must convert its potential customers to actual customers and must maintain its actual customers as permanent customers. This will maintain the position of business in the market.

Making use of better lenses & improved techniques: Innovation: Innovation objective is highlighted here. It means developing new products or modification in existing products. Every business in order to survive in a competitive environment should  innovate its products or  develop new ideas to tackle competition.

Making best use of cameramen, finance etc. employed by the business: Physical and financial resources: This objective is reflected in this point. Business must use its resources according to the requirement and with minimum wastage.

Improve efficiency in functioning of business: Productivity: This objective is reflected in this point. Productivity t is a measure of efficiency. Every business must aim at increasing its productivity through the efficient use of resources. Productivity can be increased by optimum utilisation of the physical and human resources.

5. Jawaharlal prepares ‘Ghujiya’ for customers during Holi season every year. He prepared more ‘Ghujiya’ than he could sell this year. He employed women and children also and paid them less salary manufacturing on the packages. This way he generated profit for himself.

(a) Do you think he is fulfilling all the objectives of business?

Ans: No, he is not fulfilling all the objectives of business.

(b) If not which aspects of this objective is not being fulfilled? 

Ans: Social Objectives are not fulfilled as Jawaharlal is paying less salary to the women and children, and keeping all the profits to himself.

(c) Write any two values lacking in Jawaharlal.

Wastage of time and resources by preparing excess ghujia.

Fair and just behaviour by paying less salary to women and childre.

6. Different situations in different business are being elaborated below:

(i) Raghunath Gorkha had a match stick factory in Nepal which got destructed by the recent earthquake.

(ii) Mr Arya, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.

(iii) Vodafone Co. was charged with evasion of tax and asked to pay fine in cross which would lead to heavy losses for the company.

(iv) Type writers becoming redundant.

(a) Which characteristic of business is being referred to in all the above cases? 

Ans: ‘Business Risk’ is reflected in the above cases.

(b) How can you classify the different cases based on this characteristic?

Ans:   The classification is given below:

Raghunath Gorkha had a match stick factory in Nepal which got destructed by the recent earthquake.

Natural Causes: These are due to natural causes such as floods, earthquakes, etc. Every person has little control or no control over these causes.

Mr Arya, a senior manager in a telecom company shared confidential information about the company with a competitor which led to huge losses for the company.

Human Causes: These causes include unexpected events caused by man, such as negligence of employees, power failure, employee’s or customer’s dishonest practices etc.

Vodafone Co. was charged with evasion of tax and asked to pay fine in cross which would lead to heavy losses for the company.

Type writers becoming redundant.

Economic Causes: he economic causes involve the changes and variations taking place in the economy such as uncertainties due change of technology and method of production,political disturbances, change in prices, tax rates etc.

7. Dr. Sanvi is an orthopedic surgeon in AIIMS Hospital and Dr Maruti, her friend is a Pediatrician who has set his own clinic. Dr Maruti’s wife, Ms. Aditi operates her Cosmetic store. Compare & differentiate the nature of tasks undertaken by them.

Ans: Dr. Sanvi is involved in employment, Dr Maruti is involved in Profession and Ms. Aditi is involved in business.

The differences between business, profession and employment are:

8. Zainab, Shelly & Ravina are friends. They have just completed a fashion designing course. They wish to start a business together. They have Rs.10,00,000 savings put together and are planning to take a bank loan of additional Rs.10 lakhs. They have found a prime location in KarolBagh where they can set their boutique. They decide that they will initially not take very big orders. Based on this information, quote the lines associated with factors affecting the decision to start a business and classify them.

Ans: The Factors are:

Selection of type of business:   A person can enter primary, secondary or tertiary industry, based on the possibility of profit, demand, customer preference etc. In the case above they selected the business to be a boutique.

Quotation: “They have just completed a fashion designing course. They wish to start a business together.”

Financing proposition:   For every business, availability of capital or funds is an important factor while starting a business. Because capital is needed in each activity and aspect of business, such as in investment in fixed assets, stocks, meeting day to day expenses, etc.

Quotation: “They have Rs.10,00,000 savings put together and are planning to take a bank loan of additional Rs.10 lakhs.”

Location of business enterprise: It's an important factor while starting a business. The location of business is dependent on the easy availability of raw materials and labour, banking services, transportation services nearby etc. Any mistake in this can result in high losses to business.

Quotation: “They have found a prime location in KarolBagh where they can set up their boutique.”                                                                                                                                   

Size of Business : Every person has to decide whether it wants to operate on a large scale or at a medium scale.  It depends upon demand for the product and the necessary capital that person has. If a person is optimistic about all the factors, he can open up his business on a large scale, and vice versa.

Quotation: “They decide that they will initially not take very big orders.”

Students who are trying to get ahead in their class and score some good marks in the exams need to ensure that they have all the help that they need. This is where the important questions for class 11 business studies chapter-wise selections might be a great help to the students. These questions are created after careful observation of the syllabus and hence contain all the details which might be essential for passing the exams with proper marks. There is simply not a single speck of doubt about the fact that having some help from these class 11 business studies chapter 1 important questions is going to make things a lot easier for students.

Important Questions For Class 11 Business Studies Chapter 1

Some important questions for Class 11 Business Studies Chapter 1 are given below.

1. Insurance is a tertiary industry. Give an explanation.

2. How can a trader get rid of the hindrance of a person?

3. Provide a few differences between a primary and secondary industry.

4. Define commerce. What is the significance of commerce in modern times?

5. State the different objectives of a business.

The 1st chapter of the class 11 business studies textbook gives the students an idea about businesses and the other factors that are included in it. When students practice these questions, they will be able to understand the commercial position of our country and other countries in a better way. There are also some mentions about different industries that are considered to be a part of the business. Having class 11 business studies chapter 1 extra questions will also be a great help to the students who want to ensure that they have all the basic knowledge that they need about the business sectors in the best way. Not to mention that with regular practice and thorough reading, they can get more and more understanding of the whole chapter and hence will be able to solve more complicated questions as well.

Why Choose Us To Get Important Questions For Class 11 Business Studies Chapter Wise

Class 11 business studies chapter 1 questions, cover, different topics to help students out when they need to ensure that they get good marks in their examination. These questions have been picked by professional experts who have an idea about the subject. Also, these experts are totally aware of all the rules and regulations of CBSE and NCERT related exams. So, downloading the important questions for class 11 business studies chapter 1 will be a good idea for the students. They can read the questions and get the solutions to make sure that all of their doubts are cleared in a single place.

Also, these questions are really free of cost and available at the official site of Vedantu. There is a PDF version available for download or students can also have a look at the questions online.

For a subject like business studies, it is essential for students to gain as much info about the topics as they can. This could be one of the main reasons why students are always on the lookout for important questions for class 11 business studies in the best way. We have so many different types of important questions so that students can actually have some help when it comes to preparing for the topics of business studies.

We certainly hope that the important questions for class 11 business studies are able to help you out in your studies. Whether you need to prepare for an exam or you need some help with your homework, these questions will clear each and every single doubt that you might have about the chapter. For students who need to download the important questions for class 11 business studies chapter wise selection, there is a PDF version available and can be downloaded on any device such as a mobile phone, computer, or laptop. Go ahead and start download to start your preparations now. 

FAQs on Important Questions for CBSE Class 11 Business Studies Chapter 1 - Business, Trade and Commerce

1. Where do I get one mark questions of Chapter 1 of Class 11 Business Studies?

To practice the most relevant and recurring one mark questions of Chapter 1 of Class 11 Business Studies, it is best if you practice from the NCERT textbook and NCERT Exemplar. There are plenty of questions to practice from in these two books. While studying the chapter, you must take a special note of the definitions and formulae, as they tend to come as one marker. Also pay attention to the facts and figures given in certain concepts and memorise them thoroughly to leave no scope for error.

2. Where can I get the list of Important Questions of Chapter 1 of Class 11 Business Studies?

You can get a list of the Important Questions of Chapter 1 of Class 11 Business Studies on Vedantu. These important questions are available at free of cost on Vedantu(vedantu.com) and mobile app. Regardless, you must treat every NCERT question important and practise each one of them thoroughly. The NCERT must be considered of prime importance and all the concepts and questions must be memorised to the best of the student’s abilities. This is where the key questions for Class 11 Business Studies chapter-by-chapter selections might come in handy. These questions are based on a thorough examination of the curriculum, and so include all of the information that may be necessary for passing the examinations with good grades.

3. What are the main concepts of Chapter 1 of Class 11 Business Studies?

The first chapter of the Class 11 Business Studies textbook introduces students to businesses and the various variables that influence them. When students practise the NCERT questions, they will have a better understanding of our country's and other nations' commercial positions. There are also mentions of several industries that are regarded to be a component of the business as well. Students who wish to ensure that they have all of the basic knowledge they need about the business sectors will benefit greatly from having additional questions of Chapter 1 of Class 11 Business Studies.

4. Is Chapter 1 of Class 11 Business Studies easy?

Chapter 1 of Class 11 Business Studies can come across as a bit difficult because it is the first time the students are introduced through this subject. But to make sure that they don’t have a fall out with business studies, they need to make sure that they pay some extra attention and put in extra effort to understand it. Regular practice and consistent studies will help students get the hang of the chapter and they will set up the right base for the board exams of Class 12.

5. Are NCERT Solutions enough to prepare Chapter 1 of Class 11 Business Studies?

Class 11 Business Studies Chapter 1 NCERT questions include a variety of subjects to assist students in ensuring that they receive high marks in their exams. These questions were chosen by experienced specialists who are knowledgeable about the issue. Furthermore, these professionals are well familiar with all of the norms and regulations of CBSE and NCERT related exams. As a result, students should obtain the key questions for Chapter 1 of Class 11 Business Studies. They would read the questions and obtain the answers in one spot, ensuring that all of their uncertainties are addressed.

CBSE Class 11 Business Studies Important Questions

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CBSE Class 11 Business Studies Marks Wise Question with Answers is an extremely useful revision tool. It is very beneficial for students who are aiming to make the most out of their exam preparation. Board exams examine the educational skills of the student. Practising CBSE Class 11 Business Studies Marks Wise Question is a must. You can download here Business Studies Marks Wise Question with solutions at free of cost.

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CBSE is one of the most preferred educational board in India. This renowned board was established in the year 1952. CBSE Board is known for its comprehensive syllabus and the quality of education and well-structured question paper. The board aims to give a good education to its students so that they can grow both mentally and physically.

CBSE Board conducts the exam for Class 11. The exams for Class 11 are usually conducted in the month of March every year and the results are announced in the month of May. The questions that are asked in the CBSE board examination are according to the pattern issued by the NCERT. Students who are preparing for their CBSE examination must know the benefits of solving the CBSE Class 11 Business Studies Marks Wise Question. The questions are designed by SelfStudys experts according to the CCE guidelines.

CBSE Business Studies Marks Wise Question for Class 11

One of the best way to prepare for the exam is by practising the Business Studies Marks Wise Question. Students will get an idea about the examination pattern and the marking scheme. It will also make students familiar with the question paper and the difficulty level of the questions asked in the examination. Some benefits of solving the CBSE Class 11 Business Studies Marks Wise Question are given below.

If you are preparing for CBSE board exams, now is the time when you plan efficiently and work more smartly. One way of studying smarter is investing your efforts in the most important questions and make sure you are through with these questions. You must finish the chapters that have high weightage with maximum efficiency so that you can solve any question asked from them. In this page, we will provide you with the CBSE Class 11 Business Studies Marks Wise Question.

Ensure that you finish the complete CBSE syllabus of Class 11 based on the CBSE Class 11 Business Studies Marks Wise Question of each unit. The chapter with high weightage must be thoroughly completed. At the same time, you must have a basic understanding of all the chapters. Solve Business Studies Marks Wise Question of all types. 

CBSE Class 11 Business Studies Marks Wise Question PDF

Class 11 is considered to be the most important part for students aspiring to clear the NEET exam. In CBSE Class 11, several important chapters are presented to the students which are crucial to forming the basic skills required for a medical & engineer career.

CBSE Class 11 syllabus has various important topics, diagrams and definitions that the students require to be thorough with to be able to score well in the Class 11 board exam. To get good marks in Class 11, students require to prepare thoroughly and practice with CBSE Class 11 Business Studies Marks Wise Question.

It is not easy to get high marks in CBSE, either. The curriculum of Class 11 has evolved over the years and become more complex. Students will require to put in the effort to remember the topic and work smartly to perform well in their board examinations. This means that it might not be sufficient to just attend the school and blindly mug up the CBSE syllabus. A lot of students go for tuition to be able to clear any doubts they have.

CBSE Class 11 Business Studies Marks Wise Question with Solutions

To help the students to prepare for examination more effectively, we provide CBSE Business Studies Marks Wise Question for Class 11 are given here. It is suggested to check these Business Studies Marks Wise Question to be able to tackle any question in the examinations.

It is suggested to practice this CBSE Class 11 Business Studies Marks Wise Question thoroughly before the exams. Apart from these Business Studies Marks Wise Question, students are also suggested to check the below-given links for sample and question papers and prepare more efficiently for the examinations.

As the importance of board examinations can never be understated, CBSE Class 11 Business Studies Marks Wise Question can prove to be greatly beneficial for students. SelfStudys ensures that students can study better with our Business Studies Marks Wise Question with Answers. The carefully crafted questions and answers provide students with a comprehensive understanding of the chapters involved. A lot of these questions are likely to appear in the board examination, making this an ultimate guide for students before their examinations.  

CBSE Class 11 Business Studies Marks Wise Question with Answers

Why should students download cbse class 11 business studies marks wise question from selfstudys.

These CBSE Class 11 Business Studies Marks Wise Question for exams are framed by our best teachers. They also give solutions to these questions that explain the concepts in a short yet easy to understand manner. 

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